L&T Construction, the construction arm of engineering and infrastructure conglomerate Larsen & Toubro (L&T), has won a “major” engineering, procurement and construction (EPC) order from Saudi Arabia. The firm has been chosen as the turnkey EPC contractor to establish and set up systems related to renewable energy generation and utilities for the Amaala project, the […]
The higher-than-budgeted expenditure on subsidies and rural employment guarantee scheme coupled with a lower-than-budgeted nominal GDP growth is likely to push the fiscal deficit up by 10 basis points (bps) to 6.0% of GDP in FY24, India Ratings and Research (Ind-Ra) said in a note. The Budget has pegged the nominal GDP growth at 10.8% […]
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